The recent closure of the AV Nackawic mill brings changes to business at Port Saint John. If you follow local industry, you know this mill served as a major player in the region’s export market. Now, port officials are assessing the fallout.

Significant Export Volume Lost

According to a recent report from Your Saint John, the mill played a crucial role in the port’s container export business. Port Saint John president and CEO Craig Bell Estabrooks notes the specific numbers.

“From our standpoint, they’re about five to 10 per cent of our overall volume and about 15 to 20 per cent in any given year right now of our exports,” Estabrooks said.

Community Impact Takes Priority

Beyond the balance sheet, the closure hits the local community hard. Estabrooks points out that the human cost takes priority over the business metrics.

“First of all, your thoughts have to go to all the families and workers that are working at that facility,” he said. “This is a tough, tough moment.”

Looking Ahead with Diverse Revenue

The AV Nackawic cargo acted as an anchor product for years. Estabrooks recalls early conversations with shipping companies where this specific cargo served as proof that they should invest in Port Saint John.

While losing this business creates a hurdle, the port relies on a diverse range of sectors to absorb the shock.

“I think the key to our business is diversity and making sure that when you have moments where things don’t work out quite as you hope that you’re able to keep everything steady and move forward with other revenue streams,” Estabrooks explained.

Frequently Asked Questions

How much of Port Saint John’s business came from the Nackawic mill?

The mill accounted for five to 10 percent of the port’s overall container volume and 15 to 20 percent of its annual exports.

Will the mill closure cause major financial trouble for the port?

Port officials state that their diverse revenue streams and focus on multiple sectors will help keep business steady despite the loss of the mill’s cargo.

Who is the CEO of Port Saint John?

Craig Bell Estabrooks is the president and CEO of Port Saint John.